A group of 68 lawmakers yesterday sent a letter to the CFTC, demanding that immediate position limits be promulgated under the Dodd-Frank bill. The lawmakers wrote that the rule is a year late, noting that Congress had determined "that speculative position limits are an effective and critically important tool to address excessive speculation" in U.S. oil and gasoline markets.Members of Congress pointed out that it is the CFTC's duty to ensure that oil and gasoline prices are fair, and that markets "operate free from fraud, abuse, and manipulation." The letter also mentions that oil and gas prices are higher today than they were in 2009, when the national average price for a gallon of gas was only $1.90.This point is very similar to the on...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.